Listing provided courtesy of Keller Williams Greater 360NWMLSas Distributed by MLSGrid- MLS# NWM2505117MLS Provider

14718 Union Avenue SWLakewood, WA 98498

Commercial · 0.24 Acres
$519,000 Active

14718 Union Avenue SW Overview

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Turnkey, fully remodeled commercial building on a high-visibility corner lot in the heart of Lakewood. Perfect for owner-users or investors, this property features highly flexible NC2 zoning, permitting professional office, medical, wellness, retail, or live-work uses. The modern interior features high-end finishes, granite countertops, updated systems, 7 private offices, 2 conference rooms, 2 bathrooms, and 2 kitchenettes. Currently a single-suite layout, the building is already equipped with 2 separate meters, allowing for an easy two-suite conversion by simply closing off a small section. Outside, the property boasts prominent signage opportunities and rare, abundant on-site parking with approximately 20 spaces. This parking advantage is further enhanced by a valuable easement encumbering the adjacent parcel, providing exceptional flexibility and future redevelopment leverage. Strategically located with rapid access to JBLM, Tacoma, DuPont, and Olympia, this highly adaptable asset is move-in ready and positioned for significant long-term upside.

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14718 Union Avenue SW Facts & Features

  • Type Commercial
  • Lot 0.24 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Building Information

  • Year Built: 1951

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 41 - Lakewood/Tillicum
  • Subdivision Name: Tillicum

General Information

  • Parcel Number: 2200002212
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.2443
  • Lot Size Square Feet: 10640
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Building Exterior/Construction

  • Structure Type: Unspecified

General Information

  • Carport: No

14718 Union Avenue SW Neighborhood

Community

98498 (Lakewood) Demographics

40
Median Age
3,002
Population Density (per sq. mile)
41%
College Educated
$72,711
Estimated Median Income
6,613
Estimated Total Home Owners
4,787
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

14718 Union Avenue SW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

14718 Union Avenue SW Market Data

Based on the last 30 days in this zip code

$673,902
Average List Price
$334
Average Price per Square Foot
41
Properties Sold
72
Average Days on Market
112
Properties for Sale
Calculations provided by Reliance Network

14718 Union Avenue SW History

Date Event Value Agent
5/21/2026Source: NWMLS Price Reduction
$519,000 -1.9%
4/9/2026Source: NWMLS Added to Database
April 09, 2026